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MFS Municipal Income Trust (MFM) - Buy, Sell or Hold?

Sector: Funds/Trusts
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 11 Oct 2017DojiDojiTue, 10 Oct 2017-0.28%
***Stock database and scans are updated around midnight (New York time) every trading day.
7.10 0.00 (0%) Oct 18 12:07pm EDT
Open: 7.11 Range: 7.09 - 7.11 Vol: 17.77K Avg Vol: 55.17K
EPS: 0.56 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "MFM" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 7.13
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 7.19
Last Trade is below the 50 day moving average at 7.22
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 7.07
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MFM

Stock Trend Analysis - Buy, Sell or Hold "MFS Municipal Income Trust" (MFM)?

MFM is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 51% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. The 20 day moving average is also in a trading range but however it has a bearish downside bias. These may be early indications of a trend reversal but it is still too early to confirm. The long term trend remains up and the higher probability trade is to selectively buy the dips. A successful test of the 200 SMA currently near 7.07 would be a good place to start scaling in a long position. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MFM".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 11 Oct 2017
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